Valor Ground Lease Ventures buys the land under your hotel, multifamily, or mixed-use deal and leases it back — turning it into permanent, non-recourse capital. You close with far less equity, keep the building, and keep the upside.
Preferred equity, JV equity, and mezzanine are expensive and dilutive. The land under your deal is your cheapest, most overlooked source of capital. We turn it into permanent, non-recourse money — without taking your upside.
We buy the land beneath your asset and lease it back on a long-term (99-year) ground lease.
Operating control, the value-add, and the upside stay with you. No JV partner. No dilution.
Priced off the land, not your distress — no balloon, no maturity wall. Retire expensive debt, fund the acquisition, or fill the gap.
The ground rent is a fraction of NOI, and we place the leasehold financing on the smaller basis — the whole stack, one counterparty.
Illustrative only. On a ~$3.4M stabilized NOI (~8.5% yield), the ground rent runs ~$0.85M — covered ~4×. The ~$14M of land proceeds roughly offsets the equity you'd otherwise inject. Hotels are the highest-impact use: the spread between hotel yields and a ground cap is the value.
The bifurcation is most powerful on stabilized and value-add income property — where the income covers the ground rent and the freed equity goes straight back to work. Each asset class unlocks it differently.
Situations we solve: acquisitions · recapitalizations · refinances · pref / JV-equity takeouts · maturity defaults · distress.
Not a side desk inside a brokerage, and not a fund that dabbles. A firm built around one structure — so we see the angles, price it fast, and close deals the generalists can't.
The fee/leasehold bifurcation is the only thing we do.
We know where the structure closes, where it breaks, and how to price it.
We buy the land. We're the counterparty, with capital scaled to the size and shape of your deal.
We buy the fee and arrange the leasehold financing — one counterparty for the entire capital stack.
Ground lease isn't a product line for us. It's our name.
OM, rent roll, proforma.
An indicative ground value off your stabilized NOI — fast.
Principal capital, no financing contingency on the fee.
And keep the building, the operations, and the upside.
We buy the land under your building and lease it back on a long-term, typically 99-year, ground lease. You keep the building, operate it, and keep 100% of the upside; we own the land and collect ground rent. How a ground lease works ›
The land is usually 30–40% of a deal's basis. We monetize it at its value, and the proceeds often offset the equity you'd otherwise inject — non-recourse and non-amortizing. How ground rent is calculated ›
No. You keep the leasehold — the building, the operations, the value-add, and 100% of the upside and promote. We buy only the land.
Usually. Ground rent is non-amortizing and a fraction of double-digit preferred equity, mezzanine, or a ~9–11% amortizing C-PACE constant. Ground lease vs. C-PACE ›
Yes — leasehold mortgage financing is well-established when the structure is right (long term, mortgagee protections, a recognition agreement). We structure the ground lease to be financed and arrange the leasehold debt. Leasehold financing ›
The address, asset type, as-complete stabilized NOI, and total project cost. We return an indicative land value fast — non-binding, as principal or arranged capital. What an indicative bid looks like ›
Drop in your contact and deal info — we'll come back with an indicative ground value.
Brokers & advisors welcome — bring us your client's deal and we'll hand you a land bid to put in front of them.